Stock Yards Bancorp, Inc. (SYBT) Income Statement
SYBT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSYBT revenue and net income
Where SYBT's revenue goes
2025Each bar shows an amount and its share of revenue. SYBT kept 24.8% of revenue as net income.
SYBT profit margins
SYBT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.7% | +19.5% | +23.4% | +15.5% |
| Gross profit | +16.5% | +8.9% | +18.5% | +11.8% |
| Operating income | +23.4% | +13.9% | +21.3% | +12.7% |
| Net income | +22.4% | +14.7% | +18.9% | +14.2% |
| EPS (diluted) | +22.1% | +7.5% | +12.8% | +11.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SYBT quarterly EPS vs estimates
Stock Yards Bancorp beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.34).
SYBT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $564.5M | $500.9M | $346.7M | $330.6M | $238.5M | $197.2M | $194.8M | $172.7M | $155.4M | $145.1M |
| Cost of revenue | $174.0M | $165.6M | $6.90B | $28.5M | $5.2M | $30.4M | $23.5M | $18.1M | $9.8M | $7.9M |
| Gross profit | $390.6M | $335.4M | −$6.55B | $302.0M | $233.3M | $166.8M | $172.5M | $155.7M | $145.6M | $137.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $118.1M | $132.6M | $97.9M | $111.0M | $82.5M | $66.0M | $65.0M | $60.3M | $56.2M | $52.8M |
| Total operating expenses | $212.4M | $191.0M | $97.9M | $181.5M | $137.9M | $99.1M | $95.6M | $87.1M | $90.4M | $80.9M |
| Operating income | $178.2M | $144.4M | −$6.65B | $120.5M | $95.4M | $67.7M | $75.7M | $67.5M | $55.2M | $56.3M |
| Interest income | $467.6M | $412.9M | $346.7M | $251.7M | $177.1M | $147.9M | $147.8M | $129.8M | $110.8M | $102.2M |
| Interest expense | $167.3M | $155.8M | $99.4M | $18.3M | $6.0M | $11.9M | $22.5M | $15.4M | $7.2M | $4.9M |
| Income before taxes | $178.2M | $144.4M | $137.9M | $120.5M | $95.4M | $67.7M | $75.7M | $67.5M | $55.2M | $56.3M |
| Income taxes | $38.0M | $29.8M | $30.2M | $27.2M | $20.8M | $8.9M | $9.6M | $12.0M | $17.1M | $15.2M |
| Net income | $140.2M | $114.5M | $107.7M | $93.0M | $74.6M | $58.9M | $66.1M | $55.5M | $38.0M | $41.0M |
| EBITDA | $186.0M | $157.7M | −$6.65B | $141.1M | $106.7M | $77.5M | $80.5M | $73.5M | $68.6M | $67.4M |
| EPS (diluted) | $4.75 | $3.89 | $3.67 | $3.82 | $3.79 | $2.60 | $2.73 | $2.41 | $1.91 | $1.80 |
| Gross margin | 69.2% | 66.9% | −1,890.4% | 91.4% | 97.8% | 84.6% | 88.5% | 90.2% | 93.7% | 94.5% |
| Operating margin | 31.6% | 28.8% | −1,918.6% | 36.4% | 40.0% | 34.4% | 38.8% | 39.1% | 35.5% | 38.8% |
| Net margin | 24.8% | 22.9% | 31.1% | 28.1% | 31.3% | 29.9% | 33.9% | 32.2% | 24.5% | 28.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $128.3M | $142.2M | $146.3M | $142.8M | $139.3M | $132.3M | $132.0M | $128.7M | $122.1M | $118.1M | $118.0M | $109.9M |
| Cost of revenue | $44.4M | $40.8M | $43.6M | $45.2M | $43.7M | $41.5M | $43.0M | $45.1M | $39.6M | $37.9M | $39.3M | $30.4M |
| Gross profit | $84.0M | $101.4M | $102.7M | $97.6M | $95.6M | $90.8M | $89.0M | $83.7M | $82.5M | $80.2M | $78.8M | $79.5M |
| Sales, general & admin | $33.2M | $39.7M | $30.7M | $36.8M | $29.2M | $34.5M | $35.1M | $32.7M | $32.5M | $32.3M | $31.1M | $30.2M |
| Total operating expenses | $33.2M | $55.2M | $54.8M | $51.8M | $52.7M | $49.2M | $49.9M | $46.7M | $47.3M | $47.2M | $48.4M | $44.8M |
| Operating income | $50.8M | $46.1M | $47.9M | $45.7M | $42.9M | $41.6M | $39.1M | $37.1M | $35.3M | $33.0M | $30.4M | $34.7M |
| Interest income | $128.3M | $117.6M | $121.2M | $120.3M | $115.0M | $111.2M | $110.3M | $105.7M | $100.3M | $96.5M | $95.2M | $88.9M |
| Interest expense | $40.5M | $39.2M | $41.9M | $43.2M | $41.5M | $40.6M | $40.3M | $40.7M | $38.3M | $36.5M | $33.2M | $27.6M |
| Income before taxes | $50.8M | $46.1M | $47.9M | $45.7M | $42.9M | $41.6M | $39.1M | $37.0M | $35.3M | $33.0M | $30.4M | $34.7M |
| Income taxes | $10.7M | $9.6M | $11.3M | $9.5M | $8.9M | $8.3M | $7.5M | $7.6M | $7.7M | $7.1M | $6.4M | $7.6M |
| Net income | $40.1M | $36.6M | $36.6M | $36.2M | $34.0M | $33.3M | $31.7M | $29.4M | $27.6M | $25.9M | $23.9M | $27.1M |
| EBITDA | $54.3M | $49.1M | $51.8M | $47.6M | $43.7M | $42.9M | $42.1M | $40.4M | $38.8M | $36.4M | $37.0M | $39.4M |
| EPS (diluted) | $1.31 | $1.24 | $1.24 | $1.23 | $1.15 | $1.13 | $1.07 | $1.00 | $0.94 | $0.88 | $0.82 | $0.92 |
| Gross margin | 65.4% | 71.3% | 70.2% | 68.3% | 68.6% | 68.6% | 67.4% | 65.0% | 67.6% | 67.9% | 66.7% | 72.3% |
| Operating margin | 39.6% | 32.4% | 32.8% | 32.0% | 30.8% | 31.4% | 29.7% | 28.8% | 28.9% | 27.9% | 25.7% | 31.6% |
| Net margin | 31.2% | 25.7% | 25.0% | 25.4% | 24.4% | 25.1% | 24.0% | 22.8% | 22.6% | 21.9% | 20.3% | 24.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SYBT's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SYBT financial results
In fiscal year 2025 (ended December 31, 2025), Stock Yards Bancorp reported revenue of $564.5 million, up 12.7% from the year before. It had net income of $140.2 million (up 22.4%), a net profit margin of 24.8%. Diluted earnings per share came to $4.75. Over five years revenue grew at an average rate of 23.4% a year.
See the SYBT stock overview for the latest quote and news, or the SYBT chart for price history and technical indicators.
SYBT income statement FAQ
What is Stock Yards Bancorp's annual revenue?
Stock Yards Bancorp reported total revenue of $564.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 12.7% from $500.9 million the previous year.
Is Stock Yards Bancorp profitable?
Yes. Stock Yards Bancorp reported net income of $140.2 million in fiscal 2025, a net profit margin of 24.8%; its operating margin was 31.6%.
What is Stock Yards Bancorp's gross margin?
Stock Yards Bancorp's gross margin was 69.2% in fiscal 2025: for every $100 of revenue, Stock Yards Bancorp kept $69 after the direct cost of its products and services.
How fast is Stock Yards Bancorp growing?
Revenue grew 23.4% a year on average over the last five fiscal years, from $197.2 million to $564.5 million.
What are Stock Yards Bancorp's earnings per share?
Stock Yards Bancorp earned $4.75 per diluted share in fiscal 2025, compared with $3.89 a year earlier.
When will Stock Yards Bancorp report its next earnings?
Stock Yards Bancorp is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Stock Yards Bancorp's fiscal year end?
Stock Yards Bancorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.